American Banks Lose Nearly $19 Billion in Loans
In the United States, banks in the second quarter of this year reported losses on loans of almost $19 billion.
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Amazon Reportedly to Invest in Chipmaker Arm’s Initial Public Offering
The media reported that Amazon is currently negotiating to invest in the initial public offering (IPO) of the chip manufacturer Arm.
John Lewis Launches Google Cloud Partnership
The British company John Lewis announced the beginning of cooperation with Google Cloud.
AWS to Support Early-Stage Startups
AWS Build is a new global program aimed to support entrepreneurs at early business stages to build, refine, and launch their innovative applications
Aptos & Microsoft Enhance Web3 With AI
Aptos Labs is integrating Microsoft Azure OpenAI Service into its blockchain network to create new web3 builder resources
Federal Reserve Bank of New York Reports Record Americans’ Credit Card Debt
The indicator of the debt of residents of the United States on credit cards has reached a historical level of more than $1 trillion.
Chinese Export Declines Most in Last Three Years
By the end of July, China recorded a sharper reduction in import and export indicators compared to initial expectations.
Sony Expects Smartphone Market Recovery to 2024
Sony Group, the largest supplier of camera sensors for smartphones, has changed its forecasts regarding the expected timing of the recovery of consumer demand in the market of mobile phones.
NVIDIA Introduces Superchip to Boost AI Capacity
NVIDIA has presented a new chip that can increase the level of performance and speed, for use in generative artificial intelligence and other application scenarios involving computing.
Amazon to Debut Prime Big Deal Days Event in Fall
After the impressive results of Prime Day, Amazon decided to continue the sales events.
Сhipmaker TSMC Сommittes $3.8 Billion to Factory in Germany
Taiwanese chip manufacturer TSMC on Tuesday, August 8, announced the provision of financing in the amount of $3.8 billion for the construction of a plant in Germany.
Coinbase to Open Its L2 Blockchain to Public
Being already used for bridging, the Base mainnet is to open for everyone and all use cases on August 9
Airtel Africa and Mastercard Launch New Remittance Transfer Service
The new service can potentially benefit 100 million mobile phone users across the continent
Upstart Shows Record AI Automation in Unsecured Loans
Fully automated unsecured loans enabled by Upstart AI technology provide instant and automated approval with no waiting, no documents to upload and no phone calls
Japanese Fintech Soramitsu to Develop Asian Cross-Border Payments System Using CBDCs and Stablecoins
Cambodia’s central bank digital currency (CBDC), Bakong, will become the foundation for an expanding international payment system for Asian countries
Moody’s Revises Credit Ratings of Six Major US Banks
The international rating agency Moody’s has reviewed the credit ratings of six major US banks, including Bank of New York Mellon, State Street, and Northern Trust, for possible downgrades.
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